Part of a package of three bills, the bill imposes a transitional tax rate of 22.5 per cent for the first income year of the new withholding tax regime for distributions of managed investment trust income to foreign residents of certain jurisdictions and allows them to claim deductions for associated investment expenses.

Part of a package of three bills, the bill imposes: a tax rate of 15 per cent for the second income year, and 7.5 per cent for later income years, of the new withholding tax regime for distributions of managed investment trust income to foreign residents of certain jurisdictions; and a 30 per cent withholding tax rate on residents of countries with which Australia does not have effective exchange of information.

to: allow for township leases to be for a period of between 40 and 99 years and provide for rights of renewal; expand the functions of the Executive Director of Township Leasing; allow for the grant of 13 areas of Aboriginal land which will be operated as national parks; and make minor amendments; and

Northern Territory National Emergency Response Act 2007

to: provide processes for payments to landholders for the acquisition of five-year leases; and make minor and technical amendments.